Cambodia Investment Review
Elite Hospitality & Management (EHM) and Vireak Buntham (VET) have officially entered into a strategic joint venture aimed at transforming Cambodia’s hospitality and service sectors. The partnership, formalized through a signing ceremony on February 13, 2025, brings together EHM’s expertise in hospitality management and VET’s strengths in workforce training and development.
Enhancing Cambodia’s Hospitality Standards
The collaboration is expected to set new benchmarks for service quality in Cambodia’s hospitality market, benefiting hotels, resorts, and tourism businesses nationwide. Speaking at the signing ceremony, EHM Founder and CEO Faz Ghotbi emphasized the importance of the partnership in driving industry growth.
“This partnership with Vireak Buntham aligns with our commitment to raising the bar for hospitality excellence in Cambodia,” Ghotbi stated. “We recognize the immense potential of Cambodia’s unique hospitality to compete on a global scale. By combining our management expertise with Vireak Buntham’s dedication to professional development, we aim to elevate guest experiences, empower industry professionals, and showcase Cambodia’s distinctive hospitality to the world.”
Neak Oknha Suo Vireak, representing VET, echoed similar sentiments, stressing the significance of workforce development. “Our goal is to equip the workforce with the necessary skills and knowledge to meet global hospitality standards,” he said.
A Shared Vision for Growth and Innovation
The joint venture is not just a business agreement but a commitment to enhancing Cambodia’s hospitality landscape through several key initiatives:
- Training Programs: Upskilling hospitality professionals with internationally recognized practices.
- Workforce Development: Creating job opportunities and career pathways in the tourism sector.
- Operational Excellence: Implementing high-quality hospitality management standards across multiple properties.
Through this collaboration, both EHM and VET are set to introduce industry-leading hospitality practices, strengthening Cambodia’s tourism sector and ensuring long-term value creation.
Looking Ahead
This partnership marks the beginning of broader collaboration efforts, with future initiatives expected to further enhance Cambodia’s position as a premier hospitality destination.
Elite Hospitality & Management (EHM) is a premier hospitality management company in Cambodia, overseeing multiple luxury hotels and resorts, including Palace Gate Hotel & Resort by EHM, Palace Gate Hotel & Residence by EHM, Caravan Hotel by EHM, Eden Beach Resort by EHM, and Koh Apikjun Resort. The company is recognized for its commitment to excellence, innovation, and guest satisfaction, setting industry standards in hospitality operations.
Vireak Buntham Express & Tourism (VET) is a leading player in Cambodia’s transportation and hospitality sectors. The company operates a modern fleet of buses, luxury coaches, and speedboats, ensuring safe and efficient travel across Cambodia and neighboring countries. In hospitality, VET continues to expand its portfolio of hotels and resorts, delivering premium accommodations and exceptional service to both local and international travelers.
